Tuesday, July 15, 2008
Regional Shopping Mall in North Bend, Oregon FOR SALE
PONY VILLAGE MALL
Regional Shopping Mall
North Bend, Oregon
This 351,000 square foot Regional Power Center Mall is located in on Oregon Coast on the main arterial to the interior of the State. Featuring Anchor Tenants Macy's, Ross, Safeway, Sears, JC Penny and Jo-Ann this property features a high degree of credit tenants. This opportunity provides stable cash flow with upside potential. Management has active program to complete all deferred maintenance and property shows price of ownership from private equity Owner Operator.
Total Rentable Area: 351,000 Square Feet
Safeway, Macy's, Ross Dress for Less, JC Penny, Big 5, Jo-Ann Fabrics, Sears
Current Occupancy: 95%
NOI: 1,650,000 June 2008 to July 2009
Vacant Square Footage: 19,000 Square Feet
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